Sold
£75,000
Quality client bank - 30 clients with almost £250,000 invested on average.
Ref: 30079
Current Turnover
£75,000
Offers Over
£165,000
Established
5-10 years
Gross Recurring Revenue
30-50k
Number of Staff
0-1
Location
North East and Yorkshire
Current turn over circa: £ 75,000
Offers over: £ 165,000
Established: 5-10 years
Gross Recurring Revenue: 30-50k
Number of staff: 0-1
Locations: Darlington
Additional Notes: Goodwill and asset purchase i.e. no liability for previous advice.
30 client households with close to £250,000 invested on average. Average client charge of less than 1%.
FUM £6 mill - £7mill. FUM all sat on Transact.
Deal structure of 3.25x recurring income with 50% upfront and 25% at the end of 12 months and 25% at the end of 24 months.
For more information please call 01765 698 699 and quote the reference number 30079 ask for Oliver Macer
